June 22, 2022
Deputy Governor Timothy Lane to Retire from the Bank of Canada
The Bank of Canada announced today that Deputy Governor Timothy Lane will retire on September 16, 2022.
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June 1, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.